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raise the debt ceiling so we can go on not paying our bills because the truth is we can't afford to pay our bills that's why we have to borrow more money and if we save a big theater of the observed matter for. i think the title for these play was obamacare and while i understand that it has very little to do with the actual problem i think many for in theirs are extremely surprised why and mary can get sore worked up about how to care something that i understand is very expensive but at the same time something that is crucial for survival but at the same time we never get similar debates on let's say military spending which is exorbitant and most americans would probably be able to do without it why are america's priorities so mixed up well there's no question that we overspend on national defense i mean we're spending money that we don't need to spend but health care was not always expensive in america it was it was very inexpensive until the government got involved with medicaid and medicare and all this the government created this problem so the reason we had such an inefficient
raise the debt ceiling so we can go on not paying our bills because the truth is we can't afford to pay our bills that's why we have to borrow more money and if we save a big theater of the observed matter for. i think the title for these play was obamacare and while i understand that it has very little to do with the actual problem i think many for in theirs are extremely surprised why and mary can get sore worked up about how to care something that i understand is very expensive but at the...
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Oct 16, 2013
10/13
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KCSM
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it would see the debt ceiling raised until february and see the government funded until mid- january which would end the u.s. pgovernment shutdown. they are working on a completely different flan and are still trying to tie this tax closely related to obamacare to the raising of the debt ceiling. >> we met with our members today to try to find a way forward in a bipartisan way that would continued to try to provide fairness to the american people under obamacare. there have been no decisions about what exactly we will do. but we will continue to work with members on both sides of the aisle to make sure that there is no issue of default. >> some very angry reactions to this new plan coming out of the republican party in the house. harry reid says that the plan and the attempts to negotiate have been completely blindsided by this house proposal and says this is a blatant attack on bipartisanship. >> including six world powers including the u.s. and france. iran had made a useful presentation on its nuclear program and the deputy foreign minister said the talks have been positive. >> th
it would see the debt ceiling raised until february and see the government funded until mid- january which would end the u.s. pgovernment shutdown. they are working on a completely different flan and are still trying to tie this tax closely related to obamacare to the raising of the debt ceiling. >> we met with our members today to try to find a way forward in a bipartisan way that would continued to try to provide fairness to the american people under obamacare. there have been no...
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Jan 15, 2013
01/13
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CSPAN
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the debt ceiling -- raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it does not create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit ratings and i know how we can save money, we will not pay our credit card bills. not the most effective way to improve your credit rating. it was a very slow solution to the debt ceiling in august of 2011 that got the u.s. downgraded last time. so it's very important. all these issues are important, but it's very, very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in the deal. it went part of the way, as you mentioned. but it leaves a number of issues still on the table and traditional negotiations are looming. would you characterize that as an additional cliff that is facing us? or do you think it
the debt ceiling -- raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it does not create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit ratings and i know how we can save money, we will not pay our credit card bills. not the most effective way to improve your credit rating. it was a very slow solution to the debt ceiling in...
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Oct 8, 2013
10/13
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ALJAZAM
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ceiling. >> you can't pay all the bills if congress doesn't raise the debt ceiling. these are not new. this is paying old bills. it would be like someone saying i ran up my credit card and decided not to pay it. you can't do that. the united states government is too important to the world. our currently is the world reserve currenty. >> reporter: economist predicts without a solution a default of loans could cause the dollar to plummet. hurting the economy. that could trickle down to consumer loans from credit cards to student loans and the stock markets to plunge. all of this could risk a great oh global recession. it would also be the first ever intentional default of debt in u.s. history. >> joining us in studio jill, a financial adviser with new state partners. a london based firm that advises governments on finances issues. and in london, chairman of the european movement in the u.k. a former adviser to the u.k. parliament e.u. committee and charles, professor of international affairs at georgetown university and senior fellow at the council of foreign relations
ceiling. >> you can't pay all the bills if congress doesn't raise the debt ceiling. these are not new. this is paying old bills. it would be like someone saying i ran up my credit card and decided not to pay it. you can't do that. the united states government is too important to the world. our currently is the world reserve currenty. >> reporter: economist predicts without a solution a default of loans could cause the dollar to plummet. hurting the economy. that could trickle down...
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raise the debt ceiling so we can go on not paying our bills because the truth is we can't afford to pay our bills that's why we have to borrow more money and if we save a big theater of the observed matter for i think the title for this play was obamacare and while i understand that it has very little to do with the actual problem i think many for in there is an extremely surprised why and mary can get sore worked up about how to care something that i understand is very expensive but at the same time something that is crucial for survival but at the same time we never get similar debates on let's say military spending which is exorbitant and most americans would probably be able to do without it why are america's priorities so mixed up well there's no question that we overspend on the national defense i mean we're spending money that we don't need to spend but health care was not always expensive in america it was it was very inexpensive until the government got involved with medicaid and medicare and all this the government created this problem so the reason we had such it is. effi
raise the debt ceiling so we can go on not paying our bills because the truth is we can't afford to pay our bills that's why we have to borrow more money and if we save a big theater of the observed matter for i think the title for this play was obamacare and while i understand that it has very little to do with the actual problem i think many for in there is an extremely surprised why and mary can get sore worked up about how to care something that i understand is very expensive but at the...
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Sep 28, 2013
09/13
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KCSM
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eye 71
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the borrowing and the continuous raising of the debt ceiling. why don't these politicians just put up a bill to eliminate the debt ceiling, what is the purpose of having a debt ceiling if we raise it every time we get to it as nobody wants to vote to eliminate the debt ceiling because they want to pretend they care about the debt but everyone wants and increase. if you want to look at the markets if the markets are selling off on the false crisis that we might not increase the debt ceiling, there is opportunities because we now they're going to increase the debt ceiling but ultimately, the biggest crisis does not come because we failed to raise the debt ceiling but because we do raise it and we repeatedly raise it and that is why the country is rogue. >> there is some talk about getting rid of the debt limit. even if the president were to use the 14th amendment solution as speaker nancy pelosi has suggested he do. that would by default get rid of the debt limit. about a month ago a baby panda was born at the national zoo. we are in these critica
the borrowing and the continuous raising of the debt ceiling. why don't these politicians just put up a bill to eliminate the debt ceiling, what is the purpose of having a debt ceiling if we raise it every time we get to it as nobody wants to vote to eliminate the debt ceiling because they want to pretend they care about the debt but everyone wants and increase. if you want to look at the markets if the markets are selling off on the false crisis that we might not increase the debt ceiling,...
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ah god it's quick fix of the debt ceiling was raised by yet another trillion dollars and i think it's obvious that the united states will continue bingeing and borrowing at least till early fabr every why do you think the rest of the world keeps indulging these clearly and how see it konami behavior but we're not going to stop in february either look america is going to borrow as much money as the world is dumb enough to lend us that's the bottom line because we've already borrowed more money than we can possibly repay we can barely pay the interest the only reason we can pay the interest is because the rates are so low but when rates go up we won't even be able for the interest let alone the principle so it's a ponzi scheme we've told the world it's a ponzi scheme yet for some reason everybody continues to participate in the scam the question is how much longer will the rest of the world throw good money after bad because they don't want to admit the mistakes that they've made that they've loaned us all this money that they're not going to get back and i think one of the reasons why
ah god it's quick fix of the debt ceiling was raised by yet another trillion dollars and i think it's obvious that the united states will continue bingeing and borrowing at least till early fabr every why do you think the rest of the world keeps indulging these clearly and how see it konami behavior but we're not going to stop in february either look america is going to borrow as much money as the world is dumb enough to lend us that's the bottom line because we've already borrowed more money...
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Oct 9, 2013
10/13
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ALJAZAM
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he put forth his own bell to raise the debt ceiling. it's a -- it's pretty much doomed in the house. he says that the republicans fault. he said they keep changing the target. >> now the shut down is not the only crisis.. according to markt watch. if. we will come from the latest polling. 56 of americans say it will be a bad idea that the debt ceiling is not raised to 38%. it will be a good idea for the country. we have the economic chaos. it's up legitimate seniors that seen kwhrors not -- they will spepbs tpaoeu public anger about not raising the debt ceiling and pressure republicans even more. . >> we have new information for you on what has happenened here. let me move over so you can see the storm that we're talking about. the storm has upgradeed this hour of activity to a cyclone. a cyclone, typhoon, hurricane are all the same types of system. it just depends geographically what you're talking about. we're very concerned because it's a closed up area. it will make land fall somewhere and the new -- it is going to make land fall in
he put forth his own bell to raise the debt ceiling. it's a -- it's pretty much doomed in the house. he says that the republicans fault. he said they keep changing the target. >> now the shut down is not the only crisis.. according to markt watch. if. we will come from the latest polling. 56 of americans say it will be a bad idea that the debt ceiling is not raised to 38%. it will be a good idea for the country. we have the economic chaos. it's up legitimate seniors that seen kwhrors not...
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the decision on america's multi-trillion dollar debt ceiling raises fears for the world economy while the government cuts back on space missions to save itself from default. and switzerland set to vote on guaranteed monthly handouts worth thousands of dollars in a pilot scheme to provide citizens with a lifetime of financial security.
the decision on america's multi-trillion dollar debt ceiling raises fears for the world economy while the government cuts back on space missions to save itself from default. and switzerland set to vote on guaranteed monthly handouts worth thousands of dollars in a pilot scheme to provide citizens with a lifetime of financial security.
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Oct 8, 2013
10/13
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ALJAZAM
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and because it's called raising the debt ceiling, i think a lot of americans think it's raising our debt. it's not raising our debt. it does not add a dime to our debt. it simply says that you pay for what congress has already authorized america to purchase. whether that's the greatest military in the world or veterans be benefits or social security. whatever it is congress has already authorized. what it does is to make sure that we can pay those bills. the last time the tea party republicans flirted with the idea of default, two years ago, markets plunged, business and consumer confidence plunged. america's credit rating was downgraded for the first time. and a decision to actually go through with it, to actually permit default, according to many ceo's and economists would be insane, ca catastrophic, chas warren buffett liked default to a nuclear bomb. a weapon too horrible to use. it would disrupt markets and under mine the world's confidence in america as the bedrock of global economy and would increase our borrowing cost. it would add to our deficit and debt, not decrease them. ther
and because it's called raising the debt ceiling, i think a lot of americans think it's raising our debt. it's not raising our debt. it does not add a dime to our debt. it simply says that you pay for what congress has already authorized america to purchase. whether that's the greatest military in the world or veterans be benefits or social security. whatever it is congress has already authorized. what it does is to make sure that we can pay those bills. the last time the tea party republicans...
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Oct 8, 2013
10/13
by
ALJAZAM
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does not vote to raise the debt ceiling. it's not just a question of prioritizing with the money still coming in. it will have an effect of the social security checks and interest rates on consumers. the president sounding the alarmed time analarmtime and ti. the president has said time-and-time again he has enough votes. >> there have enough votes to support a clean spending bill. are the votes still there? >> he is probably right, tony. i have to tell you after years of covering the house of representatives, when push comes to shove you don't know how far they will go. you can expect the fast majority of rum republicans will stay wih the conservative base and the speaker himself is staying with the conservative base and voting with the government the middle of the road the mo moderate republicans which way will they go when push comes to shove. many have come out saying they would vote for a such a thing and possibly pushing them over the threshold. >> libby casey has been in washington all morning. what is happening on th
does not vote to raise the debt ceiling. it's not just a question of prioritizing with the money still coming in. it will have an effect of the social security checks and interest rates on consumers. the president sounding the alarmed time analarmtime and ti. the president has said time-and-time again he has enough votes. >> there have enough votes to support a clean spending bill. are the votes still there? >> he is probably right, tony. i have to tell you after years of covering...
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just put up a bill to eliminate the debt ceiling what's the purpose of having a debt ceiling if we raise it every time we get to it because nobody wants to vote to eliminate the debt ceiling because they want to pretend that they care about the debt but everybody wants to increase it because they don't want to cut any spending but if you want to look at the markets if the markets are selling off on the false crisis that we might not increase the debt ceiling clearly there's opportunities because we know they're going to increase the debt ceiling but ultimately the biggest crisis not it doesn't come because we fail to raise the debt ceiling but because we do raise it and we repeatedly raise it and that's why the country is broke i think because there actually is some talk about kind of getting rid of the debt limit i mean even if the president were to use the fourteenth amendment solution as speaker the house nancy pelosi has suggested he should do that would kind of by the fall get rid of the debt limit but one last question here about a month ago a baby panda was born at the national zo
just put up a bill to eliminate the debt ceiling what's the purpose of having a debt ceiling if we raise it every time we get to it because nobody wants to vote to eliminate the debt ceiling because they want to pretend that they care about the debt but everybody wants to increase it because they don't want to cut any spending but if you want to look at the markets if the markets are selling off on the false crisis that we might not increase the debt ceiling clearly there's opportunities...
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Oct 17, 2013
10/13
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KCSM
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many of them joined the democrats, voting to raise the debt ceiling. the government can now borrow additional funds for the next four months. that's a shorter period of time than president barack obama had hoped for. the lawmakers also approved a stopgap budget to end the partial shutdown of government services that began two weeks ago. the white house instructed federal employees to return to work on thursday. the bill calls for setting up a panel to discuss deficit reduction over the long term in response to republican demands that the deal only calls for slight revisions to obama's health care reforms. a number of republicans are opposed to the affordable care act. house speaker john boehner said his party fought the good fight, and he said the republicans will continue to work toward cuts in spending. senate majority leader harry reid said averting the crisis was historic. >> let's be honest. this was pain inflicted on our nation for no good reason and cannot make -- we cannot, cannot make the same mistake again. >> president obama signed the bill
many of them joined the democrats, voting to raise the debt ceiling. the government can now borrow additional funds for the next four months. that's a shorter period of time than president barack obama had hoped for. the lawmakers also approved a stopgap budget to end the partial shutdown of government services that began two weeks ago. the white house instructed federal employees to return to work on thursday. the bill calls for setting up a panel to discuss deficit reduction over the long...
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Oct 10, 2013
10/13
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CNNW
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i'm not going to raise the debt ceiling. then you went on to say i think personally it would bring stability to the world markets if the debt ceiling were not raised. i want you to first of all tell us if those quotes were accurate and what you meant. >> yeah. those quotes are accurate. i appreciate you having me on, wolf. not raising the debt ceiling does not automatically trigger a default. what i meant by that article there was, you know, i feel like groundhog day, it's kind of like the debate between jimmy carter and ronald reagan. there you go again. we are doing the same things we've done the last 15 years. we have raised the debt ceiling 14 times since 2001 and if that was the answer, we wouldn't be here today. what i meant by that statement was this. if we as a nation, as legislators, address this condition of overspending and if we address that and we say to the rest of the world, to our financial markets, to the rest of the world market, say listen, we've got a spending problem, we realize it, we get it, we're goin
i'm not going to raise the debt ceiling. then you went on to say i think personally it would bring stability to the world markets if the debt ceiling were not raised. i want you to first of all tell us if those quotes were accurate and what you meant. >> yeah. those quotes are accurate. i appreciate you having me on, wolf. not raising the debt ceiling does not automatically trigger a default. what i meant by that article there was, you know, i feel like groundhog day, it's kind of like...
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Jan 2, 2013
01/13
by
LINKTV
tv
eye 72
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the debt ceiling slightly. i think that is very important to happen. the second thing will be what happens on spending? there's quite a bit of spending already in the pipeline. the question is the u.s. has a lot of debt that is structural. there has to be long-term changes in terms of the way benefits have been paid and other issues in some of the long-term spending that has been taking place, which will need to be tackled in such a way that will need to be permanently lower. if the problem gets tackled, then they will come back to continue the crisis over the next year. and >> in the central african republic, security forces have used tear pressed to -- teargas to dispel protesters. there has been no agreement so far. >> the rebels positioned outside the city with pigeons running high. these security forces have exploited the instability deterred of muslims. >> we want peace, but here the only arrest muslims. more than 400 people have been arrested. we did not accept this. >> the security forces say they are h
the debt ceiling slightly. i think that is very important to happen. the second thing will be what happens on spending? there's quite a bit of spending already in the pipeline. the question is the u.s. has a lot of debt that is structural. there has to be long-term changes in terms of the way benefits have been paid and other issues in some of the long-term spending that has been taking place, which will need to be tackled in such a way that will need to be permanently lower. if the problem...
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Oct 21, 2013
10/13
by
FOXNEWSW
tv
eye 72
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debt ceiling ♪ raise the debt ceiling ♪ raise the debt ceiling ion core™ technology, it stops pain before it gets worse. nothing works faster. new fast acting advil. look for it in the white box. man: [ laughs ] those look like baby steps now. but they were some pretty good moves. and the best move of all? having the right partner at my side. it's so much better that way. ♪ [ male announcer ] take the next step. consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pay expenses that medicare doesn't cover and lets you choose or keep any doctor who accepts medicare patients. call or go online and request your free decision guide. use this guide to help you choose from a range of aarp medicare supplement insurance plans. have the right partner at your side. consider an aarp medicare supplement insurance plan. go long. consider an aarp medicare supplement insurance plan. when you do what io, iyou think about risk.. i don't like the ups and downs of the market, but i can't just
debt ceiling ♪ raise the debt ceiling ♪ raise the debt ceiling ion core™ technology, it stops pain before it gets worse. nothing works faster. new fast acting advil. look for it in the white box. man: [ laughs ] those look like baby steps now. but they were some pretty good moves. and the best move of all? having the right partner at my side. it's so much better that way. ♪ [ male announcer ] take the next step. consider an aarp medicare supplement insurance plan, insured by...
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Sep 27, 2013
09/13
by
MSNBC
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the power under the constitution to raise the debt ceiling all by himself. to take this away from congress, to just raise the debt ceiling, citing the fourth section of the 14th amendment of the constitution, which says that the validity of the public debt of the united states shall not be questioned. when house democrats brought this up a couple of years ago, president obama said he did not want to do it. he said, congress should be able to handle it. congress cannot handle it. should he, could he, just take the keys away from this child? the great steve kornacki joins us next. stay with us. ♪ honey, we need to talk. we do? i took the trash out. i know. and thank you so much for that. i think we should get a medicare supplement insurance plan. right now? [ male announcer ] whether you're new to medicare or not, you may know it only covers about 80% of your part b medical expenses. it's up to you to pay the difference. so think about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare su
the power under the constitution to raise the debt ceiling all by himself. to take this away from congress, to just raise the debt ceiling, citing the fourth section of the 14th amendment of the constitution, which says that the validity of the public debt of the united states shall not be questioned. when house democrats brought this up a couple of years ago, president obama said he did not want to do it. he said, congress should be able to handle it. congress cannot handle it. should he,...
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the decision on america's multi-trillion dollar debt ceiling raises fears for the world economy while the government cuts back on space missions to save itself from default. and switzerland set to vote on guaranteed monthly handouts worth thousands of dollars in a pilot scheme to provide citizens with a lifetime of financial security. this is already coming to you live from the russian capital a marina joshie welcome to the program leading us tech companies are seeking to undo the damage from the n.s.a. scandal that revealed their part in government spy programs the internet giants are asking the federal court to let them reveal details about the agency's data requests a move that's been slammed by the justice department artie's lucic often if looks at what could have prompted this fight for transparency. in the wake of the u.s. national security agency scandal much of the tech industry has gone critical of government snooping some companies named as partners in the n.s.a.'s prism program including google and facebook even sued the u.s. in order to set the record straight they're hopi
the decision on america's multi-trillion dollar debt ceiling raises fears for the world economy while the government cuts back on space missions to save itself from default. and switzerland set to vote on guaranteed monthly handouts worth thousands of dollars in a pilot scheme to provide citizens with a lifetime of financial security. this is already coming to you live from the russian capital a marina joshie welcome to the program leading us tech companies are seeking to undo the damage from...
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Oct 14, 2013
10/13
by
CSPAN2
tv
eye 53
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the last time congress raced this debt ceiling -- raced this debt ceiling -- raised this debt ceiling, it was i want to $6.999 trillion. and technically we reached that on may 19 of this year. the treasury department has since been using what it calls extraordinary measures to keep paying our bills. but as secretary lew has communicated to this congress over and over in letter and in testimony, in just a few days, the treasury department will no longer have enough money to keep up, these extraordinary measures will have run out. and within a week or two later, we will end up at zero. so what are the bills? what are the bills that we need to raise this ceiling in order to pay? well, it's the salaries of all federal employees, including our military; it's social security and medicare payments; it's unemployment benefits; tax refunds; and interest on our sovereign debt. raising the debt limit allows the treasury to borrow the money it needs to pay these bills. that's. -- that's it. if on any particular day more bills come due than we have cash in our accounts to cover, then the united st
the last time congress raced this debt ceiling -- raced this debt ceiling -- raised this debt ceiling, it was i want to $6.999 trillion. and technically we reached that on may 19 of this year. the treasury department has since been using what it calls extraordinary measures to keep paying our bills. but as secretary lew has communicated to this congress over and over in letter and in testimony, in just a few days, the treasury department will no longer have enough money to keep up, these...
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Sep 26, 2013
09/13
by
CNN
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to raise a debt ceiling but with a catch. looping with it, a lengthy list of gop priorities, from the keystone pipeline, tax reform, to delaying obama care for a year. it's a direct challenge to the president. >> i will not negotiate on anything when it comes to the full faith and credit of the united states of america. >> now, the president says i'm not going to negotiate. quell, i'm sorry, but it just doesn't work that way. >> reporter: the reality is republican leaders are also doing this as a negotiating tactic with their own restive conservatives. senior gop source admit to cnn they have learned the hard way to manage unpredictable hard-liners, leaders have to first show they're -- is it something you could support? >> i'm not sure. >> reporter: even this plan that democrats dismiss as gop -- doesn't satisfy some republicans. >> the plan right now does not address the spending. >> reporter: that brings us to the more imminent october 1st deadline over funding the government. >> we have no interest in seeing a government
to raise a debt ceiling but with a catch. looping with it, a lengthy list of gop priorities, from the keystone pipeline, tax reform, to delaying obama care for a year. it's a direct challenge to the president. >> i will not negotiate on anything when it comes to the full faith and credit of the united states of america. >> now, the president says i'm not going to negotiate. quell, i'm sorry, but it just doesn't work that way. >> reporter: the reality is republican leaders are...
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71
Oct 17, 2013
10/13
by
ALJAZAM
tv
eye 71
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and wall street never doubted that the debt ceiling wouldn't be raised. so for me that's the remarkable thing, that wall street completely ignored washington, d.c., just set it to one side, and to it? of the opinion that the economists and investors, and market makers are of the opinion that maybe the biggest hurdle to sustain and enhance growth in the u.s. economy are the elected representatives in washington, d.c., based on the fact we could back here in three month's time. >> a lot of that data that we refer to has been backed up because of the shutdown. when is that going to be released? and how will it effect the ma t mafkt -- market? >> that's a good point. there is no piece of information that is more important in the world than the [ inaudible ]. and in october we were in furlough, so the figures didn't come out, so we don't know what the jobs report was for october. these are numbers geeks here, they love to crunch numbers. so i'm not sure if we will get a interim figure, or they will dump it into november. i don't know, but you need these number
and wall street never doubted that the debt ceiling wouldn't be raised. so for me that's the remarkable thing, that wall street completely ignored washington, d.c., just set it to one side, and to it? of the opinion that the economists and investors, and market makers are of the opinion that maybe the biggest hurdle to sustain and enhance growth in the u.s. economy are the elected representatives in washington, d.c., based on the fact we could back here in three month's time. >> a lot of...
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Sep 27, 2013
09/13
by
MSNBCW
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eye 129
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the power under the constitution to raise the debt ceiling all by himself. to take this away from congress, to just raise the debt ceiling, citing the fourth section of the 14th amendment of the constitution, which says that the validity of the public debt of the united states shall not be questioned. when house democrats brought this up a couple of years ago, president obama said he did not want to do it. he said, congress should be able to handle it. congress cannot handle it. should he, could he, just take the keys away from this child? the great steve kornacki joins us next. stay with us. [ taps baton ] [ dings ] ♪ ♪ ♪ ♪ [ male announcer ] every thought... every movement... ♪ ...carefully planned, coordinated and synchronized. ♪ performing together with a single, united purpose. ♪ that's what makes the world's leading airline... flyer friendly. ♪ flyer friendly. does it end after you've expanded your business?? after your company's gone public? and the capital's been invested? or when your company's bought another? is it over after you've
the power under the constitution to raise the debt ceiling all by himself. to take this away from congress, to just raise the debt ceiling, citing the fourth section of the 14th amendment of the constitution, which says that the validity of the public debt of the united states shall not be questioned. when house democrats brought this up a couple of years ago, president obama said he did not want to do it. he said, congress should be able to handle it. congress cannot handle it. should he,...
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or whether or not to raise the debt ceiling if the u.s. doesn't secure a debt arising of its debt ceiling will have to default on its over sixteen and a half trillion dollars of borrowing so you have the rest of the world very wary they're panicking you have the heads of various major financial organizations global financial organizations like the i.m.f. talking about how american legislators need to be responsible that this bickering is ridiculous they need to find a way to get through this to the rest of the world doesn't have to pay for these dire consequences huge economic partners what will happen to them if the u.s. does go head into fall will according to experts whether or not it happens on thursday china is still going to rethink the way it does business with the united states here's jeffrey summers of the university of wisconsin milwaukee and united states of course is an economy which leads global credit and the foreign purchase of its treasury bills so this puts it in a very precarious position moving forward in terms of the ab
or whether or not to raise the debt ceiling if the u.s. doesn't secure a debt arising of its debt ceiling will have to default on its over sixteen and a half trillion dollars of borrowing so you have the rest of the world very wary they're panicking you have the heads of various major financial organizations global financial organizations like the i.m.f. talking about how american legislators need to be responsible that this bickering is ridiculous they need to find a way to get through this to...
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fails to raise its debt ceiling well president obama would have to find money to service the national debt from somewhere else most likely that would be done by shutting down some of the most costly government programs another possibility is the raising of taxes meaning americans would feel the cold hand of history but what happens if those measures are not enough washington would have to announce it was defaulting or politicians and experts say a default would be devastating for both the american and global economy it would affect all countries holding u.s. debt now the u.s. government is obliged to pay back hundreds of billions of dollars each month and that would be put seriously at risk because washington wouldn't have the money well confidence in the u.s. would be severely hit making it much harder to borrow money and that would leave one of the world's most indebted countries without a financial safety net further increases in interest rates taxes and unemployment are likely to follow possibly undermining the u.s. dollar as the global reserve currency well yeah list of all the k
fails to raise its debt ceiling well president obama would have to find money to service the national debt from somewhere else most likely that would be done by shutting down some of the most costly government programs another possibility is the raising of taxes meaning americans would feel the cold hand of history but what happens if those measures are not enough washington would have to announce it was defaulting or politicians and experts say a default would be devastating for both the...
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Sep 19, 2013
09/13
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FBC
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to raise the debt ceiling without dealing with the real drivers of our debt. we will not raise if the 83rd time without extracting a commitment that this will be the last time or put us on a path toward bending the spending art toward balance. lou: the president makes an interesting point. he said not in the history of the united states the debt ceiling or the threat of not raising the debt ceiling has been used to extort a president or a governing body. how could you have the ability to do so? it seems as if you are questioning the president. >> i am a simpleminded guy as you know, so i take facts simply. not a single republican voted for obamacare. it is wildly unpopular in most of our districts the president himself is determining which portions of that law to turn on and which portions to turnff, and you can argue unions and others are extorting him in what he turns on and turns off to use his words. he may not like the fact we are doing this strategically, but he has done the exact same thing, he just does not like it. lou: it seems he is used to some of
to raise the debt ceiling without dealing with the real drivers of our debt. we will not raise if the 83rd time without extracting a commitment that this will be the last time or put us on a path toward bending the spending art toward balance. lou: the president makes an interesting point. he said not in the history of the united states the debt ceiling or the threat of not raising the debt ceiling has been used to extort a president or a governing body. how could you have the ability to do so?...
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Sep 27, 2013
09/13
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MSNBC
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the power under the constitution to raise the debt ceiling all by himself. to take this away from congress, to just raise the debt ceiling, citing the fourth section of the 14th amendment of the constitution, which says that the validity of the public debt of the united states shall not be questioned. when house democrats brought this up a couple of years ago, president obama said he did not want to do it. he said, congress should be able to handle it. congress cannot handle it. should he, could he, just take the keys away from this child? the great steve kornacki joins us next. stay with us. come on. oh! that's a lot of water up there. ♪ go. go. that's a nice shot. [ male announcer ] share what you love with who you love. kellogg's frosted flakes. they're grreat! does your dog food have? kellogg's frosted flakes. 18 percent? 20? new purina one true instinct has 30. active dogs crave nutrient-dense food. so we made purina one true instinct. learn more at purinaone.com we believe it can be the most valuable real estate on earth. ♪ that's why we designed t
the power under the constitution to raise the debt ceiling all by himself. to take this away from congress, to just raise the debt ceiling, citing the fourth section of the 14th amendment of the constitution, which says that the validity of the public debt of the united states shall not be questioned. when house democrats brought this up a couple of years ago, president obama said he did not want to do it. he said, congress should be able to handle it. congress cannot handle it. should he,...
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debt default in the event the jerks and clowns of the senate fail to raise the debt ceiling ha ha ha ha.
debt default in the event the jerks and clowns of the senate fail to raise the debt ceiling ha ha ha ha.
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Jan 14, 2013
01/13
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raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. and we are not a deadbeat nation. and the consequences of us not paying our bills, as i outlined in my opening statement, would be disastrous. so i understand the impulse to try to get around this in a simple way. but there's one way to get around this. there's one way to deal with it, and that is for congress to authorize me to pay for those items of spending that they have already authorized. and, you know, the notion that republicans in the house or maybe some republicans in the senate would suggest that in order for us to get our way on our spending priorityies, that e would risk the full faith and credit of the united states, that, i think, is not what the founders intended. that's not how, i think, most americans think our democracy should work. they've got a point of view. democrats in congress have a point of view. they need to sit down and work out a compromise. [ inaudible ] yeah. >> and you're not negotiating on the debt c
raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. and we are not a deadbeat nation. and the consequences of us not paying our bills, as i outlined in my opening statement, would be disastrous. so i understand the impulse to try to get around this in a simple way. but there's one way to get around this. there's one way to deal with it, and that is for congress to authorize me to pay for those items of spending that they have already...
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Oct 8, 2013
10/13
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WMPT
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failure to raise the debt ceiling could have repercussions around the globe. >> for more on the global implications of this fight, i spoke with a former representative of the u.s. on the executive order the international monetary fund. we saw that the imf is warning that a default could turn the global recovery into a recession. how likely is that default? >> first of all, they did not say it could turn it into a recession. they said it be much worse. the imf language was quite inumatic -- quite dramatic its threat that if this close over a threat, it's a global economic phenomenon no one wants to think about. i guess the point is the fact that we are talking about it means it is a heck of a lot more likely than it ought to be. until this week, we were not seriously talking about it. the assumption was saner heads would prevail, and the full scope of what is at risk with c been to the consciousness of all the decision-makers, and we would never get to this point. i still think it is less than likely that we will end up going into a default scenario, but it is certainly more likely than
failure to raise the debt ceiling could have repercussions around the globe. >> for more on the global implications of this fight, i spoke with a former representative of the u.s. on the executive order the international monetary fund. we saw that the imf is warning that a default could turn the global recovery into a recession. how likely is that default? >> first of all, they did not say it could turn it into a recession. they said it be much worse. the imf language was quite...
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Oct 17, 2013
10/13
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ALJAZAM
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and raising the debt ceiling again in the middle of february. so we will be right back to have this discussion in just a few months. so, again, no real budget being passed in washington. the dysfunction continues, the vote in the house was 285-143. so you still have a majority of the republicans in the house voting against any kind of ideal. in the senate it was moreover women, almost everyone votes, almost all of the -- the majority of the republicans in the senate did vote for this bill. so the senate continues to be more moderate than the house on the republican side. but there is still some very serious divisions within the republican party and, again, no ability to cut a longer term deal that really deals with the deficit, with the debt with the real issues that face this country think president obama talked about this deal and he said that the american people had lost trust in washington. and there is little doubt about that. the wall street journal article that talked about the winners and losers in this whole debt and government shutdown
and raising the debt ceiling again in the middle of february. so we will be right back to have this discussion in just a few months. so, again, no real budget being passed in washington. the dysfunction continues, the vote in the house was 285-143. so you still have a majority of the republicans in the house voting against any kind of ideal. in the senate it was moreover women, almost everyone votes, almost all of the -- the majority of the republicans in the senate did vote for this bill. so...
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Sep 10, 2013
09/13
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FBC
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the debt ceiling, raising the debt ceiling it appears there will be a deal but it is going to the end of the year, the resolution still unclear. and implementing obamacare still the critical issue and one which has john boehner himself has said it looks like a train wreck. very critical inflection point with politics. president obama's legacy is now certainly not the issue. the national interest certainly is. the obama presidency in a time of turbulence of the president's own making. one of the very first to demand a congressional vote on syria, he joins us thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. lou: our next guest just introduced a resolution today which says no money can go toward military operations in syria without congressional ap
the debt ceiling, raising the debt ceiling it appears there will be a deal but it is going to the end of the year, the resolution still unclear. and implementing obamacare still the critical issue and one which has john boehner himself has said it looks like a train wreck. very critical inflection point with politics. president obama's legacy is now certainly not the issue. the national interest certainly is. the obama presidency in a time of turbulence of the president's own making. one of the...
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Oct 8, 2013
10/13
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over raising the debt ceiling something that resulted in some $2 there will in spending cuts over two years. house republicans think there's no reason the president wouldn't do that again. the president has said time and time again, no how, no way, he's not doing that again. if it was a mistake that will not be made again. we're talking of course about the world's largest economy. 20% of the worl economy is govet spending. >> mike viqueira in washington. >>> suicide bombers ataksd security forces in three egyptian cities, the suez canal and cairo. the 50 supporters of ousted president mohamed morsi by officials. >>> for complying with u.n. weapons inspectors but there's speculation that presidential bashar al-assad may be cooperating are nord to in ordeo strengthen his hold on the country. >> seems to have given him some breathing space. u.s. secretary of state john kerry offered some cautious words. >> i think it's also credit to the assad regime for complying rapidly as they're supposed to. we would hope it would continue. i'm not going to vouch today for what's going to happen mont
over raising the debt ceiling something that resulted in some $2 there will in spending cuts over two years. house republicans think there's no reason the president wouldn't do that again. the president has said time and time again, no how, no way, he's not doing that again. if it was a mistake that will not be made again. we're talking of course about the world's largest economy. 20% of the worl economy is govet spending. >> mike viqueira in washington. >>> suicide bombers...
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Oct 9, 2013
10/13
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this is they're latest plan to re-open the government and raise the debt ceiling. is it a workable solution or a political ploy? >> we've heard this before. it's happened many times before, and these committees usually fail to come up with an agreement. i could envision a scenario. in fact, it's the most likely scenario right around the 17th both boehner and obama say, all right, we'll raise the debt ceiling and end the shutdown at least for a while in exchange for some committee that will look at options. maybe it will last for a couple of months. that means the cloud continues to persist. we could get into mid-december and have another crisis if this committee doesn't come up with anything meaningful. >> and they are watching overseas as well. how is the shutdown affecting global investors with interests here in the u.s.? >> for now it's not enormous, although the backup in yields on short-term bills yesterday was troubling. i would say for investors around the world there are two concerns. we've talked about default. i think default maybe is a 20% chance. it's n
this is they're latest plan to re-open the government and raise the debt ceiling. is it a workable solution or a political ploy? >> we've heard this before. it's happened many times before, and these committees usually fail to come up with an agreement. i could envision a scenario. in fact, it's the most likely scenario right around the 17th both boehner and obama say, all right, we'll raise the debt ceiling and end the shutdown at least for a while in exchange for some committee that...
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Oct 14, 2013
10/13
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MSNBCW
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whether or not we raise a debt ceiling. you have a proposal to raise it for six weeks, a proposal to raise it to the end of january, and you have a third one where it takes it to the end of the year. second, you have a group that wants to push it out to the end of january and another group wants to push it out for a few months later. when we look back we're going to wonder how on earth could the president and others not come to some agreement when you have plausible, attainable kind of goals in front of us. two, the economy is ready to take off. you saw last week the market exploded. the biggest single gain the day of the year once it looked like a deal was within reach. last week reports demonstrated that america is now the number one interview produced in the world, about to take russia in natural gas and petroleum products, which means higher paying jobs. americans want to work. they want to get beyond this moment. it seems for those who are outside of this, and i'm not as close to washington as i was before, a deal is w
whether or not we raise a debt ceiling. you have a proposal to raise it for six weeks, a proposal to raise it to the end of january, and you have a third one where it takes it to the end of the year. second, you have a group that wants to push it out to the end of january and another group wants to push it out for a few months later. when we look back we're going to wonder how on earth could the president and others not come to some agreement when you have plausible, attainable kind of goals in...
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Oct 16, 2013
10/13
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in january and the debt ceiling raised in february. but the deal in the senate is not the end of the political story. the deal must pass both chambers of the congress and there is still a lot of opposition in the house of representatives. the politicians on capitol hill have 11 hours before risking u.s. debt. thithis is called www.u.s. www.u.s.debtclock.org , and it's a page of numbers. to show you the national housekeeping, you can see the federal debt and the federal spending in red at $3.5 trillion. we're live over in washington so we're talking about a plan that has been put forward. it has to win approval, so what is the likelihood of that? >> reporter: well, the likelihood that it will pass in the senate very, very high. that's a chamber that is dominated by democrats, and this is where this deal was reached between the top republican and the top democrats. there is no question about this deal passing in the senate. the question has always been whether or not it will pass in the house. now, real indicator is the outcome of this m
in january and the debt ceiling raised in february. but the deal in the senate is not the end of the political story. the deal must pass both chambers of the congress and there is still a lot of opposition in the house of representatives. the politicians on capitol hill have 11 hours before risking u.s. debt. thithis is called www.u.s. www.u.s.debtclock.org , and it's a page of numbers. to show you the national housekeeping, you can see the federal debt and the federal spending in red at $3.5...